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New issue of securities (Chapter 6 of Listing Requirements): Combination of New Issue Of Securities

BackOct 31, 2011
Date Announced
:
 31/10/2011



Type
:
 Announcement
Subject
:
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES

Description
:
FREIGHT MANAGEMENT HOLDINGS BHD (“FMHB”)

(I) PROPOSED ISSUE OF 40,571,429 ORDINARY SHARES OF RM0.50 EACH IN FMHB (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY THREE (3) EXISTING SHARES OF RM0.50 EACH HELD IN FMHB (“SHARES”) (“PROPOSED BONUS ISSUE”); AND

(II) PROPOSED ISSUE OF 24,342,857 FREE WARRANTS IN FMHB (“FREE WARRANTS”) ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY FIVE (5) EXISTING SHARES HELD ON THE SAME ENTITLEMENT DATE FOR THE PROPOSED BONUS ISSUE TO BE DETERMINED LATER (“PROPOSED FREE WARRANTS ISSUE”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Announcement Details/Table Section :

We refer to the announcements dated 24 August 2011, 12 October 2011 and 25 October 2011 in relation to the Proposals.

On behalf of the Board of Directors of FMHB, RHB Investment Bank Berhad wishes to announce that the Controller of Foreign Exchange, Bank Negara Malaysia had vide its letter dated 27 October 2011, which was received on 31 October 2011, approved the issuance of 24,342,857 Free Warrants to non-resident entitled shareholders of FMHB pursuant to the Proposed Free Warrants Issue, and any additional Free Warrants to be issued as a consequence of the adjustments which may be made from time to time pursuant to the provisions of the deed poll.

This announcement is dated 31 October 2011.